Qatar's MPHC net profit hits USD127m in Q1

(MENAFN) Qatar's Mesaieed Petrochemical Holding Company (MPHC) announced that a net profit increase in the January-March period of this year, The Peninsula Qatar reported.

The company, a leading diversified petrochemical conglomerate in the region, said that it registered a net profit of USD 127 million in the period.

MPHC Chief Coordinator said: "Total cash and cash equivalents across all group companies grew by QR459.9 million (USD126m) during the quarter to a total of QR2 billion (USD548.7m), indicating the group's healthy cash position."

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